user
You need to complete the following task:

Explain why credit scores are important.


assistant
Credit scores are important because they provide lenders with a measure of how likely a borrower is to repay a loan. They are based on borrowers’ past credit histories, and serve as a measure of creditworthiness. A good credit score can open up access to loans and other forms of credit, while a low score can make it difficult or impossible to obtain credit. This makes it important to keep track of one's credit score and maintain a positive credit history.